Schremp could have signed for less than $715,000 to make him more marketable to somebody else--the Philadelphia Flyers have also been sniffing around, but don't have a lot of salary-cap room--but his two-way deal makes him attractive.

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But if Schremp fails to crack the Oilers roster and gets sent to the Springfield Falcons of the American Hockey League, there are strong indications the New York Islanders would take him on waivers.